https://www.taxtmi.com/caselaws?id=418215 The court held that applications for defaulted amounts less than Rs. 1 crore filed after the amendment to Section 4 of the IBC are not maintainable. It ruled that the amendment applies to applications filed after 24.03.2020, regardless of when the default occurred. The court emphasized that the NCLT lacks jurisdiction to entertain such applications post-amendment and set aside the NCLT's order, declaring the application not entertainable under the amended Section 4. en-us Tue, 01 Feb 2022 00:00:00 +0530 Thu, 10 Feb 2022 16:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=418215 The court held that applications for defaulted amounts less than Rs. 1 crore filed after the amendment to Section 4 of the IBC are not maintainable. It ruled that the amendment applies to applications filed after 24.03.2020, regardless of when the default occurred. The court emphasized that the NCLT lacks jurisdiction to entertain such applications post-amendment and set aside the NCLT's order, declaring the application not entertainable under the amended Section 4. Case-Laws Insolvency and Bankruptcy Tue, 01 Feb 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=418215